#比特币战略储备 Bitcoin short-term outlook 📉, I have withdrawn the long position and will take a defensive stance. $BTC

The United States is considering the possibility of making Bitcoin a strategic reserve.

1. Policy tendencies of the Trump administration: During Trump's campaign, he promised to put the United States at the forefront of the digital asset industry and transform the country into the "cryptocurrency capital." He proposed the idea of creating a strategic Bitcoin reserve and indicated that this would be achieved through an executive order.

2. Draft executive order from the Bitcoin Policy Institute: The Bitcoin Policy Institute has drafted an executive order proposing the establishment of a strategic Bitcoin reserve under the U.S. Treasury's Exchange Stabilization Fund (ESF) during the Trump administration. This order would need to be signed after Trump's inauguration to take effect.

3. BITCOIN Act of 2024: Senator Cynthia Lummis introduced the Bitcoin Strategic Reserve Act (BITCOIN Act of 2024), which proposes the purchase of 200,000 Bitcoins annually, reaching a total of 1,000,000 within five years.

4. Potential impact of a strategic Bitcoin reserve: If the United States establishes a strategic Bitcoin reserve, it may encourage other countries to begin large-scale purchases of Bitcoin as well. This could have a positive impact on Bitcoin's price, enhancing its status as "digital gold," and driving the development of cryptocurrency infrastructure and technology.

5. Bitcoin held by the U.S. government: The U.S. government currently holds approximately 183,850 BTC, valued at about $17.36 billion.

6. Criticism and challenges: Despite the support for establishing a strategic Bitcoin reserve, there are also criticisms and challenges. Some believe that Bitcoin lacks strategic significance, and its reliability as a reserve asset is questioned due to its high price volatility, which poses risks to government portfolios.